- Ghana plans to introduce licenses for cryptocurrency platforms following a rise in digital asset demand.
- The central bank expects to finalize regulatory approval for parliament review by September.
- The move aims to regulate crypto activity, boost state revenue, and better manage the local currency.
- An estimated 17.3% of Ghanaian adults—more than 3 million people—own cryptocurrency.
- Crypto transactions in Ghana reached $3 billion in the past year, out of $125 billion for sub-Saharan Africa.
Ghana will begin licensing digital currency platforms as demand for cryptocurrencies increases in the country. The nation’s central bank is preparing a proposal for regulatory approval, aiming to send it to parliament by September, according to Bank of Ghana Governor Johnson Asiama.
The planned regulation is intended to help the country track cryptocurrency transactions, generate more government revenue, and stabilize its national currency. The cedi has regained over 40% against the U.S. dollar in 2025, after falling almost 20% the year before. The increased use of crypto makes it harder for the central bank to monitor inflation and accurately record financial transactions.
“Many agents are making and receiving crypto payments which are not being captured in the country’s financial accounts,” Asiama said. The central bank sees regulation as a way to address these gaps.
According to a June 2024 report from Zawya, an estimated 17.3% of adults in Ghana own cryptocurrency, or just over 3 million people. In the year leading up to June 2024, crypto trades in Ghana totaled $3 billion, according to Del Titus Bawuah, CEO of Web3 Africa Group, as reported by Bloomberg.
For comparison, the entire sub-Saharan Africa region saw $125 billion in digital asset transactions during the same timeframe.
Ghana now holds the world’s ninth-highest rate of cryptocurrency ownership out of 27 countries tracked by the Zawya report. The final regulatory proposal is expected to focus on capturing crypto-related financial activity and enhancing oversight of digital asset platforms.
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